South Korea Force Torque Sensor Market, Emerging Trends, Technological Advancements, and Business Strategies 2024-2030

South Korea Force Torque Sensor Market size was valued at US$ 42.6 million in 2024 and is projected to reach US$ 63.7 million by 2030, at a CAGR of 6.9% during the forecast period 2024-2030.

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South Korea Force Torque Sensor Market size was valued at US$ 42.6 million in 2024 and is projected to reach US$ 63.7 million by 2030, at a CAGR of 6.9% during the forecast period 2024-2030.Specialized sensors that measure both force and torque simultaneously, crucial for applications requiring precise control and feedback in robotic arms, assembly processes, and testing equipment.The South Korean Force Torque Sensor market is experiencing solid growth, driven by the country's advanced manufacturing sector and increasing adoption of collaborative robots. South Korea's industrial automation and control market, valued at $9.8 billion in 2023, supports demand for high-precision sensing technologies. Key trends include the development of compact, high-resolution force torque sensors, integration with AI for predictive maintenance, and application in emerging fields like exoskeletons and rehabilitation robotics. The market faces challenges from the high cost of high-precision sensors and the need for skilled technicians for integration and calibration. Opportunities exist in creating force torque sensors for small collaborative robots and developing wireless sensors for easier integration in existing systems. With South Korea's automotive industry producing 3.5 million vehicles in 2023, there's significant demand for force torque sensors in automotive manufacturing and quality control processes. The market benefits from South Korea's push towards smart factories, with the government aiming to establish 30,000 smart factories by 2025, driving adoption of advanced sensing technologies for precise manufacturing processes.This report contains market size and forecasts of Force Torque Sensor in South Korea, including the following market information: •    South Korea Force Torque Sensor Market Revenue, 2019-2024, 2024-2030, ($ millions) •    South Korea Force Torque Sensor Market Sales, 2019-2024, 2024-2030, •    South Korea Top five Force Torque Sensor companies in 2023 (%)Report IncludesThis report presents an overview of South Korea market for Force Torque Sensor , sales, revenue and price. Analyses of the South Korea market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.This report focuses on the Force Torque Sensor sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the South Korea Force Torque Sensor market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Capacitive Torque Sensor •    Strain Gauge Torque Sensor •    Others

Segment by Applications

•    Robotics & Industrial •    Automotive •    Aerospace & Defense •    Medical •    OthersKey Companies covered in this report:•    ATI Industrial Automation •    FUTEK Advanced Sensor Technology, Inc. •    Sensel Measurement •    Flintec •    TE Connectivity •    Infineon Technologies AG •    Kistler Group •    Honeywell International Inc. •    OMEGA Engineering •    Hottinger Brüel & Kjær (HBK)Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including: •    Key companies Force Torque Sensor revenues in South Korean market, 2019-2024 (Estimated), ($ millions) •    Key companies Force Torque Sensor revenues share in South Korean market, 2023 (%) •    Key companies Force Torque Sensor sales in South Korean market, 2019-2024 (Estimated), •    Key companies Force Torque Sensor sales share in South Korean market, 2023 (%)

1. Drivers:

  • Rising Automation in Manufacturing: South Korea's manufacturing sector, particularly in industries like automotive, electronics, and heavy machinery, is highly automated. Force torque sensors play a crucial role in robotic arms and automated assembly lines by ensuring precise control over force and movement. As manufacturers increasingly adopt automation to improve productivity, reduce human error, and enhance product quality, the demand for force torque sensors continues to grow. With South Korea being a global leader in manufacturing innovation, the need for high-precision sensors in advanced automation systems is a key driver for market expansion.
  • Growth of Collaborative Robots (Cobots): The increasing adoption of collaborative robots (cobots) in South Korea’s industrial landscape is fueling demand for force torque sensors. Cobots are designed to work safely alongside humans, and they require sensors to detect force and torque to ensure safe, efficient interaction. These sensors allow cobots to adjust their movements based on the external environment, preventing accidents or damage during operation. As South Korea’s small and medium-sized enterprises (SMEs) embrace cobots for automation, the market for force torque sensors is expected to grow significantly.
  • Advancements in Robotics and Automation Technologies: South Korea is a global leader in the development of robotics and automation technologies, driven by heavy investment in research and development (R&D). The country’s push toward smart factories and Industry 4.0 is creating a demand for advanced sensor technologies, including force torque sensors, to enable robots to perform tasks that require fine-tuned force control, such as precision assembly, product testing, and material handling. These advancements are opening up new applications for force torque sensors across various industries, including manufacturing, healthcare, and logistics.
  • Medical Robotics and Rehabilitation Applications: South Korea’s rapidly aging population is driving demand for advanced medical technologies, including robotics in healthcare and rehabilitation. Force torque sensors are critical in medical robots, such as robotic-assisted surgery systems and rehabilitation devices, where precise force measurement is needed to ensure safety and accuracy. These sensors allow robots to perform delicate tasks, like suturing or patient rehabilitation, while monitoring and adjusting force application in real-time. As the country continues to invest in healthcare innovations, the demand for force torque sensors in medical robotics is expected to increase.
  • R&D in Advanced Robotics for Aerospace and Defense: The aerospace and defense sectors in South Korea are investing heavily in robotic systems for applications such as unmanned aerial vehicles (UAVs), drones, and exoskeletons. Force torque sensors are essential in these systems, enabling precise control of movements and interaction with environments in high-stakes settings. With the government’s focus on boosting defense capabilities and the aerospace industry’s rapid growth, the demand for high-performance force torque sensors is on the rise, driving market growth in these sectors.

2. Restraints:

  • High Cost of Advanced Sensors: One of the major restraints in the South Korean force torque sensor market is the high cost of advanced sensor technologies. Force torque sensors that offer high precision, durability, and advanced features tend to be expensive, making them less accessible to smaller businesses. Additionally, the cost of integrating these sensors into robotic systems or manufacturing lines, along with maintenance and calibration expenses, can be prohibitive for many companies. This high cost factor limits market penetration, especially in price-sensitive industries like consumer electronics and textiles.
  • Complexity in Integration and Calibration: Force torque sensors require careful integration into robotic systems to ensure optimal performance. The calibration of these sensors, especially in dynamic environments where multiple force parameters need to be measured simultaneously, can be complex and time-consuming. Incorrect calibration or integration can lead to inaccurate force readings, affecting the overall efficiency and safety of the robotic system. This technical complexity, along with the need for specialized expertise to manage these challenges, acts as a barrier to wider adoption of force torque sensors in certain industries.
  • Limited Awareness Among SMEs: While large enterprises in South Korea’s advanced manufacturing sectors are increasingly adopting force torque sensors, awareness and adoption among small and medium-sized enterprises (SMEs) remain limited. Many SMEs are still in the early stages of automation and may not fully understand the benefits of force torque sensors in improving operational efficiency and product quality. Additionally, the initial investment required for sensor-based automation systems can be a deterrent for smaller companies with tighter budgets. This lack of awareness and adoption among SMEs is restraining overall market growth.

3. Opportunities:

  • Expansion of Smart Factories and Industry 4.0: South Korea’s push towards smart factories and the broader Industry 4.0 movement presents a significant growth opportunity for the force torque sensor market. Smart factories utilize connected devices, sensors, and robotics to create intelligent, automated production lines. Force torque sensors are essential in such environments for monitoring and controlling force exertion in real-time, ensuring precision and safety. With the South Korean government and large enterprises investing heavily in smart manufacturing, there is an opportunity for sensor manufacturers to cater to this growing demand.
  • Emerging Applications in Service Robotics: Beyond industrial applications, force torque sensors are finding increasing use in service robotics across sectors like healthcare, retail, and logistics. In healthcare, these sensors enable robots to assist patients with mobility, rehabilitation, and even surgery by measuring the applied force during interactions. In logistics and retail, robots equipped with force torque sensors are used for handling delicate items, ensuring safe and precise delivery of products. As service robotics continues to expand in South Korea, this opens up new opportunities for sensor manufacturers to supply the necessary technology.
  • Growth in Electric Vehicle (EV) Production: South Korea is a key player in the global electric vehicle (EV) market, with major automotive companies like Hyundai and Kia leading the charge. In EV manufacturing, force torque sensors are used to ensure precise assembly and component placement, especially in battery systems and electric drivetrains. As the EV market grows rapidly, both domestically and internationally, the demand for force torque sensors in automotive production lines is set to increase. This growth offers a lucrative opportunity for sensor manufacturers to tap into the expanding EV production ecosystem.
  • Research in AI-Powered Robotics: The integration of artificial intelligence (AI) into robotic systems is enabling robots to learn and adapt to their environments more efficiently. AI-powered robotics, particularly in fields like manufacturing, healthcare, and logistics, require advanced force torque sensors to provide feedback on physical interactions. These sensors help robots learn from their experiences and refine their movements based on real-time force measurements. As AI becomes more prevalent in South Korean robotics, the need for force torque sensors that support machine learning and adaptive capabilities presents an exciting opportunity for market expansion.

4. Challenges:

  • Intense Global Competition: The force torque sensor market in South Korea faces stiff competition from global manufacturers, particularly from countries like Japan, Germany, and the United States. These countries have well-established sensor industries with a strong focus on innovation and precision. South Korean companies need to invest heavily in research and development to stay competitive and create differentiated products. The presence of global giants in the sensor industry can put pressure on local manufacturers to keep up with the latest technological advancements and reduce costs, posing a challenge to domestic growth.
  • Supply Chain Vulnerabilities: The global supply chain disruptions caused by events like the COVID-19 pandemic have impacted the availability of key components needed for the production of force torque sensors. South Korea, being a highly export-oriented economy, is susceptible to supply chain vulnerabilities, especially in the semiconductor and electronics sectors, which are critical for sensor manufacturing. Ensuring a stable supply of components and minimizing the impact of global disruptions on production timelines is a major challenge for sensor manufacturers in South Korea.
  • Need for Continuous Innovation: The force torque sensor market is driven by rapid technological advancements, requiring continuous innovation to meet evolving industry demands. Staying ahead in the market means investing in research and development to create sensors with higher precision, better durability, and advanced features like AI integration and real-time data processing. The challenge for South Korean manufacturers is to maintain a constant stream of innovations while balancing cost-effectiveness and product reliability to meet the high standards of industries like automotive, healthcare, and aerospace.
  • Regulatory Compliance and Safety Standards: As force torque sensors are used in critical applications, such as healthcare robotics and automotive manufacturing, they must comply with stringent regulatory and safety standards. Ensuring that these sensors meet both domestic and international safety requirements can be a lengthy and expensive process, especially when introducing new technologies. Navigating complex regulatory landscapes while ensuring product innovation and timely market entry is a challenge that companies in the force torque sensor market must address.
Key Indicators Analysed •    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors. •    South Korean Market Analysis: The report includes South Korean market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications. •    Market Trends: Market key trends which include Increased Competition and Continuous Innovations. •    Opportunities and Drivers: Identifying the Growing Demands and New Technology •    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.Key Benefits of This Market Research: •    Industry drivers, restraints, and opportunities covered in the study •    Neutral perspective on the market performance •    Recent industry trends and developments •    Competitive landscape & strategies of key players •    Potential & niche segments and regions exhibiting promising growth covered •    Historical, current, and projected market size, in terms of value •    In-depth analysis of the Force Torque Sensor Market •    Overview of the regional outlook of the Force Torque Sensor MarketKey Reasons to Buy this Report:•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change •    This enables you to anticipate market changes to remain ahead of your competitors •    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents •    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly •    Provision of market value (USD Billion) data for each segment and sub-segment •    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market •    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region •    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled •    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players •    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions •    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis •    Provides insight into the market through Value Chain •    Market dynamics scenario, along with growth opportunities of the market in the years to come •    6-month post-sales analyst supportWe offer additional regional and global reports that are similar: •    Global Force Torque Sensor Market •    United States Force Torque Sensor Market •    Japan Force Torque Sensor Market •    Germany Force Torque Sensor Market •    South Korea Force Torque Sensor Market •    Indonesia Force Torque Sensor Market •    Brazil Force Torque Sensor MarketCustomization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.

South Korea Force Torque Sensor  Market, Emerging Trends, Technological Advancements, and Business Strategies 2024-2030

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Table of Content

1 STUDY COVERAGE

1.1 Force Torque Sensor Product Introduction

1.2 Market by Type

1.2.1 South Korean Force Torque Sensor Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Capacitive Torque Sensor
1.2.3 Strain Gauge Torque Sensor
1.2.4 Others

1.3 Market by Application

1.3.1 South Korea Force Torque Sensor Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2    Robotics & Industrial
1.3.3    Automotive
1.3.4    Aerospace & Defense
1.3.5    Medical
1.3.6    Others
1.4 South Korea Force Torque Sensor Sales Estimates and Forecasts 2019-2030
1.5 South Korea Force Torque Sensor Hydrocephalus Shunts Revenue Estimates and Forecasts 2019-2030
1.6 Study Objectives
1.7 Years Considered

2 COMPETITION BY MANUFACTURERS

2.1 South Korea Force Torque Sensor Sales by Manufacturers
2.1.1 South Korea Force Torque Sensor Sales by Manufacturers (2019-2024)
2.1.2 South Korea Force Torque Sensor Sales Market Share by Manufacturers (2019-2024)
2.1.3 Top Largest Manufacturers of Force Torque Sensor in 2023 in South Korea
2.2 South Korea Force Torque Sensor Revenue by Manufacturers
2.2.1 South Korea Force Torque Sensor Revenue by Manufacturers (2019-2024)
2.2.2 South Korea Force Torque Sensor Revenue Market Share by Manufacturers (2019-2024)
2.2.3 South Korea Top Companies by Force Torque Sensor Revenue in 2023
2.3 South Korea Force Torque Sensor Sales Price by Manufacturers (2019-2024)
2.4 Analysis of Competitive Landscape
2.4.1 Manufacturers Market Concentration Ratio (CR3 and HHI)
2.4.2 South Korea Force Torque Sensor by Company Type (Tier 1, Tier 2, and Tier 3)
2.4.3 South Korea Force Torque Sensor Manufacturers Geographical Distribution
2.5 Mergers & Acquisitions, Expansion Plans

3 South Korea Force Torque Sensor MARKET SIZE BY REGION

3.1 Force Torque Sensor Market Size by Region: 2019-2030
3.1.1 South Korea Force Torque Sensor Sales by Region: 2019-2024
3.1.2 South Korea Force Torque Sensor Sales Forecast by Region (2025-2030)
3.1.3 South Korea Force Torque Sensor Revenue by Region: 2019-2024
3.1.4 South Korea Force Torque Sensor Revenue Forecast by Region (2025-2030)

4 MARKET SIZE BY TYPE

4.1 South Korea Force Torque Sensor Sales by Type
4.1.1 South Korea Force Torque Sensor Historical Sales by Type (2019-2024)
4.1.2 South Korea Force Torque Sensor Forecasted Sales by Type (2025-2030)
4.1.3 South Korea Force Torque Sensor Sales Market Share by Type (2019-2030)
4.2 South Korea Force Torque Sensor Revenue by Type
4.2.1 South Korea Force Torque Sensor Historical Revenue by Type (2019-2024)
4.2.2 South Korea Force Torque Sensor Forecasted Revenue by Type (2025-2030)
4.2.3 South Korea Force Torque Sensor Revenue Market Share by Type (2019-2030)
4.3 South Korea Force Torque Sensor Price by Type
4.3.1 South Korea Force Torque Sensor Price by Type (2019-2024)
4.3.2 South Korea Force Torque Sensor Price Forecast by Type (2025-2030)

5 MARKET SIZE BY APPLICATION

5.1 South Korea Force Torque Sensor Sales by Application
5.1.1 South Korea Force Torque Sensor Historical Sales by Application (2019-2024)
5.1.2 South Korea Force Torque Sensor Forecasted Sales by Application (2025-2030)
5.1.3 South Korea Force Torque Sensor Sales Market Share by Application (2019-2030)
5.2 South Korea Force Torque Sensor Revenue by Application
5.2.1 South Korea Force Torque Sensor Historical Revenue by Application (2019-2024)
5.2.2 South Korea Force Torque Sensor Forecasted Revenue by Application (2025-2030)
5.2.3 South Korea Force Torque Sensor Revenue Market Share by Application (2019-2030)
5.3 South Korea Force Torque Sensor Price by Application
5.3.1 South Korea Force Torque Sensor Price by Application (2019-2024)
5.3.2 South Korea Force Torque Sensor Price Forecast by Application (2025-2030)

6.    CORPORATE PROFILE

6.1 ATI Industrial Automation
6.1.1 ATI Industrial Automation Corporation Information
6.1.2 ATI Industrial Automation Overview
6.1.3 ATI Industrial Automation in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.1.4 ATI Industrial Automation Force Torque Sensor Product Introduction
6.1.5 ATI Industrial Automation Recent Developments

6.2 FUTEK Advanced Sensor Technology, Inc.
6.2.1 FUTEK Advanced Sensor Technology, Inc. Corporation Information
6.2.2 FUTEK Advanced Sensor Technology, Inc. Overview
6.2.3 FUTEK Advanced Sensor Technology, Inc. in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.2.4 FUTEK Advanced Sensor Technology, Inc. Force Torque Sensor Product Introduction
6.2.5 FUTEK Advanced Sensor Technology, Inc. Recent Developments

6.3 Sensel Measurement
6.3.1 Sensel Measurement Corporation Information
6.3.2 Sensel Measurement Overview
6.3.3 Sensel Measurement in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.3.4 Sensel Measurement Force Torque Sensor Product Introduction
6.3.5 Sensel Measurement Recent Developments

6.4 Flintec
6.4.1 Flintec Corporation Information
6.4.2 Flintec Overview
6.4.3 Flintec in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.4.4 Flintec Force Torque Sensor Product Introduction
6.4.5 Flintec Recent Developments

6.5 TE Connectivity
6.5.1 TE Connectivity Corporation Information
6.5.2 TE Connectivity Overview
6.5.3 TE Connectivity in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.5.4 TE Connectivity Force Torque Sensor Product Introduction
6.5.5 TE Connectivity Recent Developments

6.6 Infineon Technologies AG
6.6.1 Infineon Technologies AG Corporation Information
6.6.2 Infineon Technologies AG Overview
6.6.3 Infineon Technologies AG in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.6.4 Infineon Technologies AG Force Torque Sensor Product Introduction
6.6.5 Infineon Technologies AG Recent Developments

6.7 Kistler Group
6.7.1 Kistler Group Corporation Information
6.7.2 Kistler Group Overview
6.7.3 Kistler Group in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.7.4 Kistler Group Force Torque Sensor Product Introduction
6.7.5 Kistler Group Recent Developments

6.8 Honeywell International Inc.
6.8.1 Honeywell International Inc. Corporation Information
6.8.2 Honeywell International Inc. Overview
6.8.3 Honeywell International Inc. in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.8.4 Honeywell International Inc. Force Torque Sensor Product Introduction
6.8.5 Honeywell International Inc. Recent Developments

6.9 OMEGA Engineering
6.9.1 OMEGA Engineering Corporation Information
6.9.2 OMEGA Engineering Overview
6.9.3 OMEGA Engineering in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.9.4OMEGA Engineering Force Torque Sensor Product Introduction
6.9.5 OMEGA Engineering Recent Developments

6.10 Hottinger Brüel & Kjær (HBK)
6.10.1 Hottinger Brüel & Kjær (HBK) Corporation Information
6.10.2 Hottinger Brüel & Kjær (HBK) Overview
6.10.3 Hottinger Brüel & Kjær (HBK) in South Korea: Force Torque Sensor Sales, Price, Revenue and Gross Margin (2019-2024)
6.10.4 Hottinger Brüel & Kjær (HBK) Force Torque Sensor Product Introduction
6.10.5 Hottinger Brüel & Kjær (HBK) Recent Developments

7 INDUSTRY CHAIN AND SALES CHANNELS ANALYSIS

7.1 Force Torque Sensor Industry Chain Analysis
7.2 Force Torque Sensor Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Force Torque Sensor Production Mode & Process
7.4 Force Torque Sensor Sales and Marketing
7.4.1 Force Torque Sensor Sales Channels
7.4.2 Force Torque Sensor Distributors
7.5 Force Torque Sensor Customers

8 Force Torque Sensor MARKET DYNAMICS

8.1.1 Force Torque Sensor Industry Trends
8.1.2 Force Torque Sensor Market Drivers
8.1.3 Force Torque Sensor Market Challenges
8.1.4 Force Torque Sensor Market Restraints

9 KEY FINDINGS IN THE South Korea Force Torque Sensor STUDY

10 APPENDIX

10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer